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TheStreet Open House

Tesla, Netflix, Apple Win Trifecta in Momentum Stock Race

Stock quotes in this article: AAPL, AMZN, GOOGL, NFLX, TSLA

NEW YORK (TheStreet) -- Momentum stocks fell hard early in the year, but have been trending up during the past few weeks. Today I look at five momentum stocks that I profiled on May 13 and crunch the numbers again to see if and when you should invest.

Since my article in May, Netflix (NFLX) has gained the most, followed by Tesla (TSLA) and Apple (AAPL), to form a trifecta of high-profile growth stocks.

Apple ($628.65) is up 6% since May 12, setting a multiyear intraday high at $644.17 on May 30. The stock faded on Monday after the company didn't announce any new consumer products at the opening of its Worldwide Developers Conference. Apple is above all five key moving averages in today's first table.

The weekly chart is positive but overbought with the five-week modified moving average at $594.36. Annual value levels are $586.06 and $517.05 with weekly and monthly risky levels at $639.78 and $647.58 with the high in-between these levels.

Amazon  (AMZN) ($308.84) is up just 2% since May 12 after setting a 2014 low at $284.38 on May 9. The stock has been below its 200-day SMA at $342.99 since April 3.

The weekly chart shifts to positive given a close this week above its five-week MMA at $313.88. Weekly and annual value levels are $293.84 and $259.67, respectively, with annual and semiannual risky levels at $334.95 and $351.24, respectively.

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